How We're Allocating Our Money

Asset allocation historically affects portfolio performance more than stock selection does. It’s more important to be on the right bus than to pick the best seat.

Atlanta, GA

January 12, 2026

As the year recedes, financial clouds darken and economic waves are rising. Riding a leaky economy on rough seas, we take inventory of what’s needed to survive the approaching storm.

Among the essentials are a compass and a calendar. Shadows lengthen across the market. We know not the hour. Yet we need a sense of the season, an…